MarketFriction

Kavveri Defence & Wireless Technologies Ltd

NSE KAVDEFENCE · BSE 590041 · Aerospace & Defense
₹77.60 -2.37%
NSE close2026-10-01
52 week range51.51 - 162.87
Market cap₹458 Cr.
Price band 5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales0.390.740.070.621.307.018.203.912.101.490.921.44
Expenses0.820.980.370.600.894.778.792.872.152.112.682.92
Operating Profit-0.43-0.24-0.300.020.412.24-0.591.04-0.05-0.62-1.76-1.48
OPM %-110.26%-32.43%-428.57%3.23%31.54%31.95%-7.20%26.60%-2.38%-41.61%-191.30%-102.78%
Other Income0.110.00-0.070.060.120.094.420.070.580.092.110.37
Interest0.000.000.030.000.000.000.040.000.010.000.010.01
Depreciation0.050.060.050.050.050.120.100.030.040.060.060.09
Profit before tax-0.37-0.30-0.450.030.482.213.691.080.48-0.590.28-1.21
Tax %0.00%0.00%-2.22%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Net Profit-0.37-0.30-0.450.030.482.213.691.080.47-0.600.28-1.21
EPS in Rs-0.18-0.15-0.220.010.241.101.830.310.14-0.170.05-0.20
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales40.5225.4114.695.594.554.145.612.821.5917.128.425.95
Expenses35.1124.3927.036.615.085.856.72209.152.7215.059.819.86
Operating Profit5.411.02-12.34-1.02-0.53-1.71-1.11-206.33-1.132.07-1.39-3.91
OPM %13.35%4.01%-84.00%-18.25%-11.65%-41.30%-19.79%-7,316.67%-71.07%12.09%-16.51%-65.71%
Other Income3.925.551.39-2.620.791.041.31238.180.044.692.853.15
Interest24.9119.6819.5013.0313.4813.4913.590.140.040.040.030.03
Depreciation19.5518.3216.503.943.122.712.080.210.210.320.190.25
Profit before tax-35.13-31.43-46.95-20.61-16.34-16.87-15.4731.50-1.346.401.24-1.04
Tax %0.37%0.29%-36.68%-103.74%8.14%-2.55%16.94%0.03%-0.75%0.00%0.00%
Net Profit-35.26-31.52-29.730.77-17.67-16.43-18.0931.49-1.336.411.24-1.06
EPS in Rs-17.52-15.66-14.770.38-8.78-8.16-8.9915.65-0.663.190.21-0.18
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-15%15%44%-71%
Compounded Profit Growth7%16%-67%-114%
Stock Price CAGR20%53%110%-48%
Return on Equity-16%8%3%1%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital20.1220.1220.1220.1220.1220.1220.1220.1220.1220.1220.1260.12
Reserves92.6058.3032.943.2117.58-4.258.58-7.7532.1326.9166.7151.60
Borrowings237.49277.80295.01267.14230.15235.31206.82209.730.030.0018.934.41
Other Liabilities234.92275.57295.21200.7084.79103.7849.3852.6026.7538.3717.7310.42
Total Liabilities585.13631.79643.28491.17352.64354.96284.90274.7079.0385.40123.49126.55
Fixed Assets236.52217.71199.71181.7926.0622.957.305.251.931.721.992.99
CWIP0.530.570.570.540.540.540.540.540.000.000.030.01
Investments6.086.086.086.080.000.000.000.0020.8121.4421.3921.86
Other Assets342.00407.43436.92302.76326.04331.47277.06268.9156.2962.24100.08101.69
Total Assets585.13631.79643.28491.17352.64354.96284.90274.7079.0385.40123.49126.55
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-1.84-27.5016.8315.22-26.0630.05-10.7724.29-18.65-11.340.65-22.87
Cash from Investing Activity-10.863.040.321.570.62-21.3318.71-6.0042.68-4.95-21.16-4.28
Cash from Financing Activity14.3922.88-13.25-15.7524.31-8.63-11.43-18.43-24.0817.5233.4130.53
Net Cash Flow1.69-1.583.901.04-1.130.09-3.49-0.14-0.061.2212.903.39
Free Cash Flow-15.41-27.5617.0716.69-27.2130.042.1824.26-18.65-11.340.04-24.03
CFO/OP-14%-508%1,650%-123%2,555%-5,670%630%-2,188%9%1,004%31%1,645%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days558.31949.521,343.072,627.303,468.484,292.563,432.233,244.01218.741,042.20166.51317.32
Inventory Days4,106.012,509.135,760.7213,846.0413,885.1319,046.839,301.877,074.63358.48564.43133.04392.11
Days Payable5,907.444,636.679,806.3814,524.426,136.928,482.392,109.601,837.252,292.111,983.04263.94356.66
Cash Conversion Cycle-1,243.12-1,178.02-2,702.591,948.9211,216.6914,857.0010,624.508,481.39-1,714.89-376.4135.60352.77
Working Capital Days-710.23-951.32-1,811.93-2,963.23-3,855.03-7,656.98-4,942.49-5,106.75-40.12-2,658.30-83.152,211.67
ROCE %-0.42%-2.89%-4.17%-8.59%-1.46%-1.10%-1.39%-0.82%24.98%-2.11%8.43%1.14%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters15.14%15.14%15.14%15.14%15.14%15.14%15.14%15.41%15.41%15.41%24.56%24.56%
FIIs13.98%13.01%13.01%13.01%13.01%13.01%13.01%7.61%4.70%4.73%2.04%2.20%
DIIs4.91%0.02%0.02%0.02%0.02%0.02%0.02%0.01%0.01%0.01%0.01%0.01%
Public65.98%71.84%71.84%71.83%71.84%71.84%71.84%76.96%79.88%79.85%73.39%73.25%
No. of Shareholders11,92213,58414,53514,39914,11214,19414,83616,62530,90833,13935,41536,052

Fundamentals

Market Cap₹ 458 Cr.
Current Price₹ 76.9
Book Value₹ 18.6
ROCE1.14 %
ROE1.25 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-71%
Compounded Profit Growth (TTM)-114%
Consolidated figures.
Valuation
Market capRs 462 Cr
Enterprise valueRs 449 Cr
Price to book4.14x
Price to sales77.66x
EV / sales75.42x
Earnings yield-0.23%
P/E, 3-year average14.69x
P/B, 3-year average0.79x
P/E, 5-year average7.49x
P/B, 5-year average0.85x
Profitability
Operating margin (excl. other income)-16.51%
Operating margin (incl. other income)17.34%
EBITDA margin-12.77%
Pre-tax margin-17.48%
Net profit margin-17.82%
Net margin, latest quarter-84.03%
ROE1.25%
ROCE1.14%
ROA0.99%
ROE, 3-year average2.72%
ROCE, 3-year average2.32%
ROA, 3-year average1.84%
ROE, 5-year average3.50%
ROCE, 5-year average5.84%
ROA, 5-year average3.37%
ROIC (approx.)-1.03%
Other income / net worth2.55%
Growth
Sales growth (latest year)-50.82%
Profit growth (latest year)-80.66%
Sales CAGR, 3 years44.00%
Sales CAGR, 5 years15.26%
Profit CAGR, 3 years-65.98%
Sales growth QoQ56.52%
Profit growth QoQ-532.14%
Sales growth YoY (latest quarter)-63.17%
Profit growth YoY (latest quarter)-212.04%
Per share
EPS (TTM)Rs -0.18
EPS (latest quarter)Rs -0.20
EPS, 3-year averageRs 1.26
EPS, 5-year averageRs 2.30
Book value per shareRs 18.76
Sales per shareRs 1.00
Cash flow per shareRs -3.84
Free cash flow per shareRs -4.04
Efficiency
Asset turnover0.07x
Fixed asset turnover2.82x
Inventory turnover0.93x
Inventory days392 days
Debtor days317 days
Debtors turnover1.15x
Creditor days357 days
Cash conversion cycle353 days
Working capital days2212 days
Leverage
Total debtRs 4 Cr
Cash and bankRs 18 Cr
Net debtRs -13 Cr
Debt to equity0.04x
Interest coverage-33.67x
Owners' fund to total sources88.28%
Debt to assets3.48%
Cash flow
Cash from Operating Activity (latest year)Rs -23 Cr
Cash from Investing Activity (latest year)Rs -4 Cr
Cash from Financing Activity (latest year)Rs 31 Cr
Net Cash Flow (latest year)Rs 3 Cr
Free cash flow (latest year)Rs -24 Cr
FCFE (approx.: FCF + change in debt)Rs -39 Cr
Cash from ops / profit, 5 years-1.42x
Statement figures
Net sales (TTM)Rs 6 Cr
Net sales (latest year)Rs 8 Cr
Sales (latest quarter)Rs 1 Cr
Operating profit excl. other income (latest year)Rs -1 Cr
Operating profit (latest quarter)Rs -1 Cr
Other income (TTM)Rs 3 Cr
EBITDA (TTM)Rs -1 Cr
PBDT (TTM)Rs -1 Cr
Profit before tax (TTM)Rs -1 Cr
Net profit (TTM)Rs -1 Cr
Net profit (latest year)Rs 1 Cr
Net profit (latest quarter)Rs -1 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 4 Cr
Total expenditure (latest year)Rs 10 Cr
Total income (latest year)Rs 11 Cr
Share capitalRs 60 Cr
ReservesRs 52 Cr
Shareholders' fundsRs 112 Cr
Total assetsRs 127 Cr
Net blockRs 3 Cr
Capital work in progressRs 0 Cr
InvestmentsRs 22 Cr
ReceivablesRs 7 Cr
InventoryRs 4 Cr
Other liabilitiesRs 10 Cr
Shares outstanding (crore)5.95
Ownership
Promoter holding24.56% (+9.15 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 4.14 is at the 74th percentile (median 1.98).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodKAVDEFENCENifty 50Difference
1 week-6.5%-2.8% -3.7 pts
1 month+38.4%-6.8% +45.2 pts
3 months+22.0%-7.6% +29.6 pts
6 months+49.8%+0.4% +49.4 pts
1 year-42.1%-9.9% -32.2 pts
2 years+98.0%-13.6% +111.5 pts
3 years+840.6%+14.2% +826.4 pts
5 years+716.8%+27.9% +689.0 pts

Red flags

F-score 2 of 7
explainWeak cash conversion Cash from operations was -531% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 19% of total assets in 2026
explainReceivables outrunning sales Receivables grew -6% vs sales -51% in 2026
lookInventory outrunning sales Inventory grew 21% vs sales -51% in 2026
lookProfit leans on other income Other income was 230% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹1 Cr -63.2% vs Jun 2025. Net loss ₹1 Cr.
Against our estimate for Jun 2026: sales -38.6%, profit -306.3% miss. Our estimate for Sep 2026: sales Rs 1 Cr, profit Rs 0 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-13Annual General Meeting
2023-09-22Annual General Meeting
2022-09-23Annual General Meeting
2021-09-22 Annual General Meeting
2020-12-22 Annual General Meeting
2019-09-20 Annual General Meeting
2018-09-19 Annual General Meeting
2017-09-20 Annual General Meeting
2016-09-22 Annual General Meeting
2015-09-16 Annual General Meeting
2014-09-24Annual General Meeting
2013-09-25Annual General Meeting
2012-09-18Annual General Meeting And Dividend Rs.4/- Per Share
2011-09-15Annual General Meeting And Dividend Rs.1.50 Per Share
2010-09-16Annual General Meeting And Final Dividend Rs.2/- Per Share
2009-09-16Agm/Div-Re.1/- Per Share
2008-09-16Agm/Dividend - 10%
DateTypeWhat it says
2026-10-01Shareholder meetingVoting results.
2026-10-01Shareholder meetingRevised proceedings of the AGM held on September 30,2026.
2026-09-30Shareholder meetingProceedings of 31st Annual General Meeting of the Company Held on September 30,2026.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-08-20NCLTM/s Dena Bank Vs M/s Kavveri Telecom Infrastructure Limited
2020-10-13NCLATAlok Kaushik Registered Valuer in the CIRP of Kavveri Telecom Infrastructure Ltd VS Mrs Bhuvaneshwari Ramanathan Resolution Professional in
2020-10-08NCLATAlok Kaushik Registered Valuer in the CIRP of Kavveri Telecom Infrastructure Ltd VS Mrs Bhuvaneshwari Ramanathan Resolution Professional in
2020-03-02NCLATHuayong Communications (HK) Company Ltd. VS Kavveri Telecom Products Ltd.
2020-02-03NCLATHuayong Communications (HK) Company Ltd. VS Kavveri Telecom Products Ltd.
2020-01-08NCLATHuayong Communications (HK) Company Ltd. VS Kavveri Telecom Products Ltd.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Kavveri Defence & Wireless Technologies Ltd?

Kavveri Defence & Wireless Technologies Ltd (KAVDEFENCE) has a market capitalisation of Rs 458 Cr. at the 2026-10-01 close.

What were Kavveri Defence & Wireless Technologies Ltd's latest quarterly results?

In the Jun 2026 quarter, Kavveri Defence & Wireless Technologies Ltd sales was Rs 1 Cr (-63.2% vs Jun 2025) with a net loss of Rs 1 Cr.

What is the 52-week high and low of Kavveri Defence & Wireless Technologies Ltd?

The 52-week high is Rs 162.87 and the 52-week low is Rs 51.51.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03